St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-11-18
The COMMERCIAL RECORD.
On the Chicago Board of Trade the Mar
ket Opened Dull, but Grew
Active.
Spot Corn Was Firm, With Small De-
nland, but Option Prices Scored
an Advance.
Snecial TO the Globe.

Special TO the Globe.
CHICAGO. Nov. 17-Everything on the list
was active and excited around the opening
this morning, and for the whole day the pits
were thronged, and operators and commission
men were kept busy. Wheat corn and pro-
visions were firm at the start at about yester-
days closing quotations. The feature most
noticeable at the beginning was the general
realization on all kinds of property in which
there was profit. Nearly everybody had some
thing TO sell. December wheat broke from
75s4c to 75Iac and May from 817sc to Sl12c'
December corn from 49l2c to 45Ac, May
corn from 1850 TO 49c; January pork from
$500 TO Sl3.45; January ribs from so 30 10
S6.75, and January lard from S6.o to 500
Trading was on large scale. The weakness
proved TO be only temporary, and quick re-
covery followed the decline, May wheat
climbing to S2I2c, May corn to 49ssc'
January pork to $3.50, January rlDs
TO $3.50 and January lard TO S6.S2l2. wheat
and corn jerked around in an agitated ana
uncertain fashion wholly at variance with
its usual method. The professionals were
playing for a reaction and feeling for the top.
Provisions were trailing to-day after the early
boom steam was let off, grain and provisions
broke sharply under the lead of corn, but
indicated power and life underneath, and
the market acted we'll May corn slid off
from 4g5sG49s4c TO 4S5sc, and December
broke from 46c to 4454c. There was whole
sale liquidation and sudden stoppage of
INQUIRY al and around the top. The shorts
were the principal buyers on the bulge, but
the commission houses had a great many
orders 10 fill at limits and gave the market
healthy support The forward movement of
corn is again on the increase and the ship
ping demand has practically ceased
for the time beng. Gables are higher and
domestic markets are generally firm and
higher but the pace here has been too fast
for the outside world to keep up. HutchIn-
son was a large buyer on the break this noon
and turned prices up. We have had our re-
action now, was the opinion that found free
expression in the pit. An enormous business
was done in wheat, the activity continuing
through the whole session. New York was
large seller of wheat and houses represent
ing the Northwestern trade followed the
market up hill and down. selling all the while.
The aggregate realized for Northwestern ac
count was very large.
THE WISE MEN OF THE PIT
had it that Partridge covered large bid on
the bulge, and Jones, McCormickl& Kennel
and Ream were big buyers of May. Between
8I34@S24c on the first advance. They
bought very large quantity. Commission
houses of every description report a tremen-
dous increase in the volume of outside bust
ness. Cables are strong and foreigners con-
tinue to accept sellers terms without bag
Cling. No important cash transactions here
are reported, but steady trade in futures for
foreign account is noted. Milwaukee advises
that 100 900 bu of No. 2 were worked there
to-day, after the 24c break. which carried De-
cember down to 1850 and May to 91l2c,
the market hardened and rested strong
at the close, within speaking
distance of the top, much of
the lost ground having been recovered. Oats
advanced S5c this morning but settled back
when corn and wheat declined. Selling on
a great scale by Wright, Singer and Armour
broke pork 25c, ribs 10612l2c and lard
505I2c. The outside situation is not mate
rally changed. but the local bull clique
seems to have unloaded. Receipts Of hogs
to-day are reported at IS, 900 head. and to-
morrows estimates are 10000 head. Re
ceipts at outside points are about double
what they were last year. The market raj
lied sharply during the last hour and closed
at l O'Clock a little above bottom. Lake en-
wheat and 100, 900 bu OF corn. Estimated
receipts for omorrow-Wheat 115 cars;
corn, 80 cars; oats, 1877 cars.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. November opening at 1850,
closing at 1880; December. 15l5c. closing at
T6Isc; January, T614c. closing al 765sc; May
STAG closing at 923sc. Corn-No. 2, No.
Vember opening at 457sc closing at 45l2c: De
cember, 45I2c, closing at 44ssc; May, 49l2c
closing at 4Sa4c. Oats-NO. .. November OPEN
ing at 274c. closing at 267sc: May, 307sc,
closing at 3034c. Mess Pork-Per Dbl, Janu-
February. closing at $3.50: May, S14.O5, clos,
ing at SIS. SIP. Lard-Per 100 lbs. November
Short ribs-Per 100 lbs, November.
opened at S6.75, closing at Sc 72l2 /;
January, $3.50, closing at S6.7Tl2.
Cash quotations were as follows: Wheat
No. . spring, 75l2c; No. } spring. 66l2c
Oats-No 2. 26c. Rye-No. 2. sac. Barley
No. 2. nc. Flaxseed-NO. L, s.. 10; prime
timothy seed, $3.50 Mess pork per Dbl.
Sl3. 25@15O: lard, per 100 lbs, So short
rib sides QOOse), S6.7006.S0; dry sailed
shoulders (boxed), S5.40@-5 .45; short clear
sides (boxed), S7.O5G17.50. Whisky-Distill-
ers' finished goods, per gallon, S1.10. Sugars
ard A 6Q6l2c. Receipts-FlOur, $4,000
bbls; wheat, p 900 bu; corn, 10000 bu;
oats, $4,000 bu; rye, los, 900 bu; barley,
2G9,OOu bu. Standardization, ct, 900 bbls:
wheat 10000 bu; corn, %, 900 bu; oats,
1000 bu; rye, 1000 bu; barley, 81, 600 blu.
On the produce exchange to-day the butter
market was fairly active at 22@27c for
creamery. Eggs steady; fresh, 19Q20c.